| Assertion [A] : |
| Amount received on shares as 'Secterities PremiumÂ’ can be utilized to write off the 'Share Issue Expenses'. |
| Reason (R): |
| Amount of Securities Premium can be utilized only for the purposes which are specified in the Section 52 (2) of the Companies Act, 2013. |
| Choose the Correct Option from the following: |
A) Assertion and Reason both are correct and Reason is the correct explanation of the assertion
B) Assertion and Reason both are correct but Reason is not correct explanation of assertion
C) Both Assertion and Reason are not correct
D) Only Assertion is correct
Correct Answer: A
Solution :
Assertion and Reason both are correct and Reason is the correct explanation of the assertion
You need to login to perform this action.
You will be redirected in
3 sec
